Tom Cruise and Katie Holmes reach a settlement

New York
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Just two weeks after Katie Holmes filed for divorce, she and her estranged husband Tom Cruise have reached a divorce settlement.

People Magazine has broken the news that Tom Cruise and Katie Holmes have reached a settlement. In the article, Katie Holmes's attorney, Jonathan Wolfe, is quoted as saying:

"The case has been settled and the agreement has been signed. We are thrilled for Katie and her family and are excited to watch as she embarks on the next chapter of her life. This result could not have been achieved without the hard work of my partner Gary Skoloff and our co-counsel Allan Mayefsky, Michael Mosberg and Larry Trachtenberg of Aronson Mayefsky and Sloan, and Peter Walzer and Chris Melcher of Walzer and Melcher in California.

"We thank Tom's counsel for their professionalism and diligence that helped bring about this speedy resolution."

The settlement has been reached just two weeks after it was announced that the celebrity couple were to split (on June 28). Both actors have undertaken the negotiations through intermediaries, with Cruise having remained outside of the US for most of the past two weeks due to filming commitments in Iceland. The Mission Impossible star did, however, return to California for his 50th birthday a few days ago.

The agreement between the two means that the divorce will avoid going to court, thereby removing many of the details from the public domain. ABC News indicates that a date had been set for the New York Civil Supreme Court on July 17.

The BBC notes that there is, as yet, no news on what the settlement consists of. One of the key issues was custody of the couple's daughter Suri, aged six. TMZ suggests that one of the key issues to be resolved was whether their daughter would or would not be raised as a member of the Church of Scientology. The outcome of this issue has yet to be revealed.